Minimum Excess Availability Amount definition

Minimum Excess Availability Amount means the greater of (x) $65,000,000 and (y) 10% of the Line Cap.
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Minimum Excess Availability Amount means, as of any date of determination, the greater of (i) ten percent (10%) of the Borrowing Base in effect as of such date and (ii) $750,000.
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Minimum Excess Availability Amount means $5,000,000.
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Examples of Minimum Excess Availability Amount in a sentence

  • Loan Parties shall not permit Excess Availability at any time to be less than the Minimum Excess Availability Amount, unless as of the last day of the most recent month for which the monthly financial statements of Loan Parties and the related Compliance Certificate have been or are required to have been delivered to Agent pursuant to Section 7.15, the Fixed Charge Coverage Ratio for the twelve consecutive calendar month period then ended is greater than 1.10 to 1.00.


More Definitions of Minimum Excess Availability Amount

Minimum Excess Availability Amount means, as of any date of determination, the greater of (a) 12.5% of the Maximum Revolver Amount and (b) $25,000,000.
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Minimum Excess Availability Amount means, as of any date of determination, an amount equal to the greater of (a) $1,000,000 and (b) ten percent (10%) of the Adjusted Borrowing Base.
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Minimum Excess Availability Amount means $750,000.
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Minimum Excess Availability Amount means, as of any date of determination, the sum of (a) the daily average Availability plus (b) the amount of cash or Cash Equivalents (not to exceed, (i) if on or prior to the Trademark Subfacility Payoff Date, $100,000,000 and (ii) if after the Trademark Subfacility Payoff Date, $25,000,000) in either case deposited in the Availability Cash Collateral Account and designated by the Borrowers as being allocated to the Minimum Excess Availability Amount. Annex A-26
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Minimum Excess Availability Amount means, as of any date of determination, the sum of (a) the daily average Availability plus (b) the amount of cash or Cash Equivalents (not to exceed $25,000,000) deposited in the Availability Cash Collateral Account and designated by the Borrowers as being allocated to the Minimum Excess Availability Amount.
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Minimum Excess Availability Amount means the amount of Excess Availability required to be maintained by the Loan Parties pursuant to Section 9.2 of the Term Loan Agreement as in effect on the date hereof.
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Related to Minimum Excess Availability Amount

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.